Christopher A. Rugaber –

Federal Reserve Chairman Jerome Powell speaks at a news conference at the Federal Reserve, following the Federal Open Market Committee meeting, in Washington, Wednesday, April 29, 2026. (AP Photo/Cliff Owen)

Jerome Powell’s legacy at the Fed to be shaped by his misjudging inflation and standing up to Trump

May 15, 2026 at 8:43 a.m.

When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans...

FILE- In this Feb. 5, 2018, file photo, the seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. (AP Photo/Andrew Harnik, File)

Key Fed official sees possible rate hike amid higher gas prices and inflation concerns

April 6, 2026 at 1:29 p.m.

A top Federal Reserve official said Monday that an interest rate hike could be appropriate if inflation remains persistently above the central bank’s 2% target.

President Donald Trump waits to greet Argentina’s President Javier Milei, as he arrives at the White House, Tuesday, Oct. 14, 2025, in Washington. (AP Photo/Mark Schiefelbein)

Government shutdown delays release of critically important inflation figures

October 15, 2025 at 8:28 a.m.

The government shutdown is delaying another major economic report, leaving policymakers at the Federal Reserve with a cloudier picture even as the economy enters a challenging phase of stubbornly persistent...

Federal Reserve cuts key rate for first time this year

September 17, 2025 at 3:06 p.m.

The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about...

FILE – Federal Reserve Board of Governors member Lisa Cook listens during an open meeting of the Board of Governors at the Federal Reserve, June 25, 2025, in Washington. (AP Photo/Mark Schiefelbein, File)

Court rules Lisa Cook can remain a Fed governor for now while fighting Trump’s attempt to fire her

September 9, 2025 at 10:06 p.m.

A federal court ruled Tuesday that embattled Federal Reserve Governor Lisa Cook can remain in her position while she fights President Donald Trump’s efforts to fire her.

FILE – A customer checks his shopping receipts while waiting in line at the food court at Costco Wholesale store in Glendale, Calif., on Thursday, April 10, 2025. (AP Photo/Damian Dovarganes, File)

Inflation cooled again last month as grocery and gas prices fell, few signs of tariff impact yet

May 13, 2025 at 8:24 a.m.

Inflation cooled for the third straight month in April even after some of President Donald Trump’s tariffs took effect, though economists and many business owners expect inflation will climb in...

Federal Reserve Chairman Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting, Wednesday, May 7, 2025, at the Federal Reserve in Washington. (AP Photo/Jacquelyn Martin)

Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemployment

May 7, 2025 at 4:08 p.m.

The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of both higher unemployment and...

Federal Reserve Chair Jerome Powell addresses the Economic Club of Chicago at a luncheon at the Hilton on April 16, 2025, in Chicago. Powell shared his view of the current state of the U.S. economy, saying that the country’s debt is “on an unsustainable path, not at an unsustainable level.” (Audrey Richardson/baiduhai)

Fed Chair Jerome Powell tells Economic Club of Chicago that Federal Reserve can wait on any interest rate moves

April 16, 2025 at 5:23 p.m.

The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair...

FILE – An empty shelf of free range eggs is seen at a Safeway, Monday, Jan. 27, 2025, in Seattle. (AP Photo/Lindsey Wasson)

US inflation worsened last month with cost of groceries and gasoline rising

February 12, 2025 at 4:05 p.m.

U.S. inflation accelerated last month as the cost of groceries, gas, and used cars rose, a trend that will likely underscore the Federal Reserve’s resolve to delay any further interest...

FILE – Federal Reserve Board Chair Jerome Powell speaks during his appearance before the House Financial Services Committee on Capitol Hill, March 6, 2024, in Washington. The Federal Reserve is set this week to leave interest rates unchanged for a fifth straight time. (AP Photo/Mark Schiefelbein, File)

Federal Reserve keeps key rate unchanged and still foresees 3 rate cuts this year

March 20, 2024 at 1:21 p.m.

Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024 despite signs that inflation stayed surprisingly high at the start of...

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